United States MBA Mortgage Applications down to -13.2% in February 13 from previous -9%

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UK labour market data – Wage inflation pick-up confined to bonuses – RBS

Ross Walker, Senior UK Economist at RBS, reviews the UK labour market data release, noting that the jump in earnings growth was largely driven by bonus payments, with ex-bonuses growth rate edging down to 1.7%.
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Greek surplus actually a deficit – TDS

The TD Securities comments on the ongoing greek debt debate, and further add that last week’s Greek Finance Ministry’s comments that the country had a Jan surplus of €367mn, has actually turned into a deficit of €200mn post last night’s revision.
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